https://www.taxtmi.com/caselaws?id=196697 A winding up petition based on a foreign decree is not maintainable where the alleged debt is bona fide disputed on substantial grounds, because company court proceedings are not a pressure device for contested claims. A foreign judgment is conclusive in India only if it satisfies Section 13 of the Code of Civil Procedure, 1908 and is rendered by a court of competent international jurisdiction. Here, lack of territorial competence, absence of waiver, want of a judgment on the merits, alleged fraud, and limitation issues brought the decree within the statutory exceptions, so it could not be enforced in India. en-us Mon, 02 May 2011 00:00:00 +0530 Tue, 12 Dec 2017 15:22:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196697 A winding up petition based on a foreign decree is not maintainable where the alleged debt is bona fide disputed on substantial grounds, because company court proceedings are not a pressure device for contested claims. A foreign judgment is conclusive in India only if it satisfies Section 13 of the Code of Civil Procedure, 1908 and is rendered by a court of competent international jurisdiction. Here, lack of territorial competence, absence of waiver, want of a judgment on the merits, alleged fraud, and limitation issues brought the decree within the statutory exceptions, so it could not be enforced in India. Case-Laws Companies Law Mon, 02 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196697